Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, securing €6 million from limited partners (LPs). This significant milestone highlights a burgeoning interest in blockchain startups and suggests a bright future for the European crypto ecosystem.
Led by a seasoned team of partners, Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor), Equilibrium Ventures aims to attract and support founders with deep technical insights into blockchain technologies. Their expertise spans key areas such as zero-knowledge proofs and smart contracts, which are critical for the development of advanced blockchain solutions.
The fund has attracted a diverse group of backers, including strategic investors, family offices, and high-profile LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This backing underscores the credibility of Equilibrium Ventures and signals a growing confidence in the crypto investment space despite the market’s recent downturn.
Equilibrium Ventures is dedicated to crypto infrastructure, emphasizing rigorous technical due diligence and value addition to pre-seed and seed engineering firms. With a network of approximately 70 blockchain engineers, predominantly based in Europe, the fund is uniquely positioned to help startups develop robust blockchain technologies.
The renewed interest in venture capital investment in blockchain, supported by evolving regulatory landscapes in the US and Europe, is expected to bolster investor confidence in the crypto sector. Equilibrium Ventures, with its technical acumen and strategic support, is set to become a pivotal player in Europe’s crypto venture scene.
Looking ahead, Equilibrium Ventures aims to achieve its second close by the end of this summer, targeting 80% of the total fund. This progress reflects strong momentum and the potential for substantial contributions to the European blockchain ecosystem.
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